Student Loans 2024 News. The biden administration is expected to move to forgive the student debt of tens of millions of borrowers as soon as october. By relaxing or clarifying eligibility rules under existing programs, and by developing new plans, the biden administration has wiped out upwards of $140 billion in student loan debt.

More than eight million borrowers have enrolled in save, according to the education department, and many of these. President biden’s new student loan repayment plan was hobbled on monday after two federal judges in kansas and missouri issued separate rulings that temporarily blocked some of the plan’s.